IndianOil resumes work on projects worth over ₹21,000 crore

Indian Oil Corporation has resumed work on some its projects and is preparing to ramp up operations towards normalcy post-lockdown.

“While global cues and the changing market scenario will guide its future strategy, the Corporation has already built up stocks of finished products, including petrochemicals, at its upcountry locations for future-readiness once the countrywide lockdown is lifted and the demand picks up again with resumption of economic activity,” said IndianOil in a statement.

The Corporation has resumed work on 64 select projects with a combined allocation of about ₹21,375 crore, of which work commenced on 29 projects on April 20.

the hindu businessline
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